While many countries in the world still have to fight the second coronavirus wave, Vietnam has come back to the normal life thanks to effective containment strategy.
Vietnam’s PMI has slumped to a six-month low in August due to slower client demand and US-China trade tensions restricting new orders and production, according to IHS Markit.
December data completes positive year for Vietnam’s manufacturing sector with further solid rises in output and new orders as well as input costs decrease for first time in 34 months.
Vietnam Manufacturing Purchasing Managers’ Index (PMI) in September shows the first reduction in output prices in 13 months, slower rises in output, new orders and employment but business confidence rebounded from August’s low.
The increase of Vietnam Manufacturing Purchasing Managers’ Index (PMI) signaled a marked monthly improvement in the health of the sector and one that was second only to the series record seen in March 2011.
Business conditions continued to improve at a solid pace in the Vietnamese manufacturing sector during February.
The Vietnamese manufacturing sector experienced a positive end to 2017, with December seeing a return to growth of output amid a solid expansion of new orders.
The Asian Development Bank (ADB) upgrades its growth prospects for Vietnam to 6.7 per cent in both 2017 and 2018 compared to previous forecasts of 6.3 per cent and 6.5 per cent, respectively.
“Growth will need to rebound from October's slowdown over the rest of 2017 to help meet the GDP target of 6.7 per cent growth,” said Andrew Harker, associate director at IHS Markit.
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